Mining Bitcoin and NFTs – how does it work?
Traditional mining involves the creation of new blocks in the blockchain using specialized devices with high computing power. However, only large companies and mining farms have been able to maintain profitability due to the significant cost of equipment and its maintenance.
GoMining, as a major player in the Bitcoin mining market, has developed its own infrastructure over the years and now manages nine data centers worldwide. Leveraging its expertise and understanding of market needs, the company has introduced the concept of tying mining computing power to non-fungible tokens (NFTs).
By owning an NFT miner, participants can engage in the mining process without the complexities of setting up their own mining farm. They have full control over their share of computing power and receive daily rewards accordingly.
Buying an NFT miner
Getting started with GoMining is simple. Users can purchase an NFT miner on the platform or on the OpenSea marketplace using various payment options such as rubles, USDT, or the platform’s internal token – GOMINING.
Each NFT miner has unique characteristics that determine the volume of rewards. These characteristics include computing power (measured in terahashes per second or Tx/s) and energy efficiency (measured in Watts per terahash or W/Tx).
NFT miner customization and mining calculator
To estimate the miner’s payback, GoMining provides a mining calculator that uses historical data. The current expected payback period for a miner is approximately 12-18 months.
Furthermore, miners can be improved by purchasing additional power or optimizing energy consumption. GoMining offers ROI assessments to evaluate the feasibility of upgrades.
For beginners, GoMining provides a trial period of NFT ownership. This allows users to understand the platform’s mining process without using their own funds. After seven days, users can choose to withdraw their earnings and continue mining by purchasing an NFT miner or stop without any financial investment.
Start the trial period
The trial period can be initiated by registering on the platform. No purchase of a miner or connection of an external wallet is required.
Mining and rewards
Generating income from Bitcoin mining with GoMining is straightforward as rewards are automatically paid daily. Users have the option to receive rewards in GOMINING tokens or BTC to their internal or external wallets.
GoMining offers two main mining strategies – Solo and Pool. In Solo mining, rewards are proportionate to the user’s computing power, providing a stable and predictable method of earning. Pool mining involves joining or creating a virtual mining pool, with increased rewards distributed among the pool members who successfully mine a block.
Mining strategy selection window
The platform also has a secondary NFT market where users can trade miners, providing liquidity and flexibility to optimize mining strategies.
GoMining: reviews and reputation
GoMining takes pride in providing users with a wide range of options and features. The platform is available in twenty-one languages and offers round-the-clock support. Users can control mining from their computer or through the convenient iOS and Android app.
Support resources and a comprehensive FAQ are easily accessible for users. Reviews of GoMining can be found on app stores and platforms like Trustpilot and Magic Square.
The platform’s reputation is further supported by collaborations with major international exchanges such as Gate.io, Bitfinex, Bitget, and MEXC, where GOMINING is successfully traded.
GoMining has also collaborated with brand ambassadors, including a special collection of miners with UFC champion Khabib Nurmagomedov. The company also supported the international Counter-Strike event, BetBoom Dacha 2023.
Miners from The Khabib Collection, released jointly with Khabib Nurmagomedov
One of the key advantages of GoMining is the ability to earn money from mining with lower investments. By eliminating the need to purchase expensive equipment and handle maintenance, GoMining offers a less risky alternative to direct investments in BTC and altcoins. Users can start earning quickly and enjoy the long-term benefits of mining Bitcoin.
According to owners of NFT miners, they have experienced an easy and clear start with GoMining, and have achieved results within a short period of time. Mining Bitcoin with GoMining provides a secure and profitable opportunity for those looking to “play the long game”.